Qatar and Egypt discuss ways to boost economic, trade ties
Doha, Qatar-- Qatar and Egypt are looking to boost trade and economic ties between the two countries, besides exploring ways...
Business
Irbid chamber industrial exports up
The value of certificates of origin issued stood at US$65m.
Business
Pandemic delivers major blow to well-being in MENA
Unemployment, negative emotions rose in MENA region during COVID-19 Employees in the region have reported the world's highest rates...
Saudi-Chinese Business Council prepares a study to attract Chinese investments to Saudi Arabia
The Saudi-Chinese Business Council has showed the Chinese side Saudi Arabia’s plan to attract more Chinese investments into...
Burj Khalifa to relaunch sunrise experience from At The Top restaurant
This and other experiences had been stopped due to the Covid-19 pandemic and the resulting lockdown The experience...
Egypt to soon start work on Saudi power link project
Egypt and Saudi Arabia will soon launch the African country’s electrical interconnection project This will increase grid capacity to 2,000...
Bank ABC and FAB arrange a $250-million 2-year Syndicated Term Loan Facility for BankDhofar
Bank ABC and FAB acted as joint coordinators, underwriters, initial mandated lead arrangers and book runners for a facility to...
Egypt lends $9.87 billion in loans to low-income customers to own homes
More than 350,000 customers benefited from the scheme launched seven years ago The National Bank of Egypt topped banks...
EGA begins planting 10,000 mangroves in Jebel Ali Wildlife Sanctuary
It has partnered with the UAE-based Storey Group’s One Billion Tree-Planting Initiative for this Mangroves, which grow in tidal...
SHUAA to launch next-gen Digital Wealth platform
The Digital Wealth Platform will open up SHUAA to a broader investor base The new digital wealth platform will integrate...
Explore Dubai’s homegrown produce scene
Dubai's vast food scene can be explored in local farms, specialty shops Focus on food security and regenerative farming...
Bahrain unveils $1.2-billion stimulus package for Covid-hit sectors
The king has issued a royal decree to extend a number of initiatives for three months Bahrain’s Crown Prince and...
Qatar and Egypt discuss ways to boost economic, trade ties
Doha, Qatar-- Qatar and Egypt are looking to boost trade and economic ties between the two countries, besides exploring ways...
Business
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UAE economy robust, bolstered by tourism and real estate: OPEC
Vienna, Austria--The UAE’s economy remains robust, with constant contributions from the non-oil sector, especially from tourism, leisure, and real estate,...
Economy
GCC keen to address economic problems: Albudaiwi
Marrakesh, Morocco-- The Gulf Cooperation Council (GCC) attaches great importance to finding solutions to economic problems such as the eradication...
Economy
Red Sea Global launches Saudi’s first seaplane company
TABUK, SAUDI ARABIA - Red Sea Global (RSG), the multi-project developer behind the world’s most ambitious regenerative tourism destinations -...
Business
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Economy
Activists term IMF, World Bank ‘worst scam of the century’
Activists from developing nations belonging to a group called People's Alternative Global Tribunal organized themselves in the Moroccan city as...
- They blamed both the institutions for pursuing an economic model that favours political and financial elites
- The International Monetary Fund and World Bank are holding their first annual meeting in Africa in half a century
Economy
UAE and US aim to speed up cooperation in clean energy, technology
Abu Dhabi, UAE-- The UAE and US have reviewed ways to accelerate cooperation in priority sectors such as clean energy,...
- The talks between the two countries coincide with a jump in non-oil trade between the two nations, which reached US$21.63 billion in the first half of 2023, a 37% rise
- Al Zeyoudi emphasized that the US, apart from being a UAE trade partner, remains a key ally in advancing socioeconomic progress through global economic cooperation
Economy
IMF slashes its growth forecast for China and eurozone
Marrakech, Morocco-- The International Monetary Fund on Tuesday cut its growth forecasts for China and the euro zone and said...
- The IMF left its forecast for global real GDP growth in 2023 unchanged at 3.0% but cut its 2024 forecast to 2.9% from its July forecast of 3.0%.
- Its research revealed a 10% rise in oil prices would dampen global output by about 0.2% in the following year and boost global inflation by about 0.4%